Microlink Solutions Berhad (MICROLN, 0126)

• Share price closed 1.65% higher at RM0.925 on Wednesday.

• MICROLN broke out from its resistance level of RM0.915 yesterday with solid buying interests for the past 3 trading days. Coupled with a bullish MACD and indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.93 (R1) and RM0.945 (R2).

• On the flipside, support levels are pegged at RM0.88 (S1) and RM0.87 (S2).

Source: Rakuten Research - 13 Jul 2023

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